EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, First Solar Inc's enterprise value is $3,404 Mil. First Solar Inc's operating income for the trailing twelve months (TTM) ended in Sep. 2014 was $285 Mil. Therefore, First Solar Inc's EV/EBIT ratio for today is 11.93.

FSLR'
s 10-Year EV/EBIT Range
Min: -67.3 Max: 348.6
Current: 12.06

-67.3

348.6

During the past 13 years, the highest EV/EBIT Ratio of First Solar Inc was 348.60. The lowest was -67.30. And the median was 15.25.

FSLR's EV/EBITis ranked higher than
90% of the 1177
Companies
in the Global Solar industry.

( Industry Median: 40.75
vs. FSLR: 12.06
)

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). First Solar Inc's enterprise value for the quarter that ended in Sep. 2014 was $5,696 Mil. First Solar Inc's Operating Income for the trailing twelve months (TTM) ended in Sep. 2014 was $285 Mil. First Solar Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 5.01%.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

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